Europe open: Stoxx up as US trade deal deadline looms.
European shares opened higher on Wednesday as investors eyed the latest on the trade deal front with the US deadline to strike agreements or impose tariffs fast approaching.
Source: Sharecast
The pan-regional Stoxx 600 index was up 0.2% at 541 in early deals with major bourses edging ahead.
“Overnight, it was a less positive session for Asian stocks with uncertainty remaining high ahead of the 9 July tariff negotiation deadline, which Donald Trump is claiming he won’t extend further,” said Hargreaves Lansdown analyst Derren Nathan.
“He’s upped the pressure on Japan to come to a deal too, threatening to slap on 30% or 35% import taxes.”
In equity news, Sweden’s Avanza Bank surged after a report it could be taken private by its owner, while Danish wind turbine makers Vestas and Orsted also jumped on hopes the US tax and spending Bill put forward by President Donald Trump would be less onerous on the sector than originally thought.
Reporting by Frank Prenesti for Sharecast.com
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.